Question

Mary bought a bag of rice for 9,000.00 and sold it for 6,300.00. What was her percentage loss?

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Answer 1

30%

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Calculate the difference between the buying price and the selling price, and then divide it by the buying price and multiply by 100.

• Buying price = $9000
• Selling price = $6300

Difference:

• Buying price - Selling price =
• $9000 - $6300 =
• $2700

Percentage loss:

• (Difference / Buying price) x 100 =
• ($2700 / $9000) x 100 =
• 30%